Plains GP Holdings is deeply oversold at RSI 28 with Bollinger and support-resistance scores near perfect, but analyst price targets have already been surpassed by 12%, quality sits below the minimum threshold at 3.4, and the business is structurally dependent on distributions from a single counterparty — Plains All American Pipeline.
Thesis pillars
- Oversold Technical Bounce Potential→Stable
- High Free Cash Flow Conversion→Stable
- Single Counterparty Concentration→Stable
- +1 more pillar — see the Why tab for full reasoning
Plains GP Holdings, L.P. (PAGP) Stock Analysis
Breakout setup
Energy · Oil & Gas Midstream
Sell if holding. Engine safety override at $24.03: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10. Specifically: Below-average business quality.
Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates through Crude Oil and Natural Gas Liquids (NGLs) segments. The company engages in the gathering... Read more
Sell if holding. Engine safety override at $24.03: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10. Specifically: Below-average business quality. Chart setup: Golden cross, above all MAs, RSI 51, MACD bullish. Score 5.4/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 34d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated 2026-07-06Recent Developments — Plains GP Holdings, L.P.
Latest news
- NEWS Mizuho Maintains Outperform on Plains GP Holdings, Raises Price Target to $27 — benzinga Jun 8, 2026 positive
- NEWS This Plains GP Holdings Analyst Turns Bullish; Here Are Top 3 Upgrades For Thursday — benzinga Jun 5, 2026 positive
- NEWS Goldman Sachs Upgrades Plains GP Holdings to Neutral, Raises Price Target to $24 — benzinga Jun 4, 2026 positive
- NEWS Morgan Stanley Maintains Equal-Weight on Plains GP Holdings, Raises Price Target to $26 — benzinga May 20, 2026 positive
- NEWS Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields — benzinga May 15, 2026 neutral
Generated 2026-07-06T04:40:27Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHcounterpartyPAA distributions10-K Item 1A: 'The source of our earnings and cash flow currently consists exclusively of cash distributions from AAP, which currently consist exclusively of cash distributions from PAA'
Material Events(8-K, last 90d)
- 2026-06-02Item 5.02MEDIUMRuss Montgomery promoted to VP Accounting and Chief Accounting Officer of PAA GP Holdings LLC (PAGP general partner) effective Sept 1, 2026. Chris Herbold retiring Aug 31, 2026. Clean handoff; no disagreement cited.SEC filing →
- 2026-05-13Item 5.02LOWCynthia B. Taylor appointed independent board member (Class III) effective May 11, 2026. Also added to Compensation Committee and Health, Safety, Environmental and Sustainability Committee. No departures.SEC filing →
- 2026-05-12Item 1.02MEDIUMTerm loan terminated concurrent with May 12, 2026 sale of PAA's Canadian NGL Business to Keyera Corp. Net proceeds ~$3.3B used to repay commercial paper, term loan, and PAA 4.50% senior notes due December 2026.SEC filing →
- 2026-05-12Item 2.01MEDIUMPAA (wholly owned by PAGP) completed sale of Plains Midstream Canada ULC (Canadian NGL Business) to Keyera Corp for ~CAD $5.13B (~USD $3.76B) on May 12, 2026. Net proceeds ~$3.3B applied to leverage reduction.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $24.03: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10. Specifically: Below-average business quality. Chart setup: Golden cross, above all MAs, RSI 51, MACD bullish. Prior stop was $23.47. Score 5.4/10, moderate confidence.
Take-profit target: $24.54 (+0.5% upside). Prior stop was $23.47. Stop-loss: $23.47.
Concentration risk — Counterparty: PAA distributions; Target reached (-14.0% upside); Quality below floor (3.4 < 4.0).
Plains GP Holdings, L.P. trades at a P/E of 31.3 (forward 11.2). TrendMatrix value score: 6.9/10. Verdict: Sell.
20 analysts cover PAGP with a consensus score of 3.6/5. Average price target: $24.
What does Plains GP Holdings, L.P. do?Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream...
Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates through Crude Oil and Natural Gas Liquids (NGLs) segments. The company engages in the gathering and transporting crude oil using pipelines, trucks, and barges or railcars. It also provides terminalling, storage, and other related services. In addition, the company is involved in the natural gas processing and NGL fractionation, storage, transportation, and terminalling activities. PAA GP Holdings LLC operates as a general partner of the company. Plains GP Holdings, L.P. was incorporated in 2013 and is headquartered in Houston, Texas.